Posts tagged with Repo Rate

UNCHANGED RBI REPO RATE: A DAMP SQUIB
Jul 2021 , by in Realty+ Connect

AS THE PANDEMIC CONTINUES TO IMPALE THE INDIAN ECONOMY, RBIS UNCHANGED RATES MEAN THAT HOME LOANS WON'T GET EXPENSIVE BUT, IT LEAVES REALTY DEVELOPERS HIGH AND DRY AS CONSTRUCTION COSTS MOUNT WITH NO RESPITE FROM GST OR OTHER TAXES. By: Sapna Srivastava For the sixth consecutive time, the Res... Read more...

MPC Leaves Repo Rate Unchanged: RBI
Apr 2021 , by in News/Views

Reserve Bank of India governor Shaktikanta Das announced that the repo rate and the reverse repo rate will remain unchanged at 4 per cent and 3.35 per cent, respectively, and the accommodative stance will go on as long as it is needed. For the fifth time in a row, the policy rates have been kept unc... Read more...

Heavy Lifting By RBI To Revive Economy
May 2020 , by in Realty+ Connect

Nish Bhatt, Founder & CEO, Millwood Kane International “In a surprise move RBI's rate setting committee - the MPC met off cycle from May 20-22 andannounced a slew of measures in light of subdued economic situation. This is the second timethat the MPC met off cycle. Like global central banks... Read more...

Banks Need To Reduce Lending Rate
May 2020 , by in Realty+ Connect

Manoj Gaur, MD, Gaurs Group and Chairman, Affordable Housing Committee, CREDAI (National) The latest 40 basis point reduction and the earlier rate revisions by RBI are a welcome move for sure which should help the real estate borrower in the long run if passed on and implemented by all banks and ... Read more...

One-Time Restructuring Of Loans Needed
May 2020 , by in Realty+ Connect

Uddhav Poddar, MD, Bhumika Group We welcome the further reduction of policy rates by 40 basis points announced today, with this round of reduction the lending rates are like to be at the lowest in 10-15 years. The extension of loan moratorium by another 3-months will help a vast majority of peopl... Read more...

We Welcome The Prudent Step
May 2020 , by in Realty+ Connect

Ankit Kansal, MD & CEO, 360 Realtors The RBI measures to reduce the repo rate & reverse repo rate is in continuation of the govt. policies to build liquidity & enhance its circulation in the system. The Real Estate welcomes the prudent step. It will help in managing supply-side bottle... Read more...

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